More than $150 billion is in reserve funds of Russian Federation, from which it finances war against Ukraine, - Defence Intelligence
The reserve funds of the Russian Federation, from which it finances the war against Ukraine, have more than $150 billion.
Andrii Yusov, the representative of the Defence Intelligence, stated this, Censor.NET reports with reference to Ukrinform.
"Actually, it is from these reserves that Russia finances the war: it maintains the army, manufactures and purchases weapons," Yusov said.
According to him, Russia's resources are not unlimited, war is very expensive, so the process of systemic crisis in the Russian Federation is irreversible. And it's only a matter of time.
In addition to reserves, the Russian Federation receives income thanks to oil exports. Russian exports at the beginning of the year amounted to 8.3 million barrels of oil per day - the highest level since April 2020, according to data from the International Energy Agency (IEA). The largest buyer was China (43% of Russian crude oil exports), followed by India (36%), the EU (8%), and Turkey (3%).
However, after the upper price limit for the purchase of Russian oil was established in December last year, according to the Ministry of Finance of the Russian Federation, revenues from the oil and gas industry decreased by 52% in 4 months of this year compared to January - April 2022.
It will be recalled that Reuters previously reported that target defense spending in Russia has almost doubled in 2023.
